Managed interdependence: some limits
The 1970s produced the concept of global and regional economic interdependence, empirical evidence that all prevailing socioeconomic doctrines are technically obsolete and politically irrelevant, and the first disciplined analytic attempts to solve global problems pragmatically. The solutions appear beyond the capacity of today's national leaders, but will require only relatively minor structural changes utilizing currently available intellectual and material resources. Endeavors such as the proposed Pacific Community are laudable but may be ineffectual for the foreseeable future, because lesser developed Asian nations confront expanding population and shortfalls in energy and food production, while the developed nations are struggling with inflation, unemployment, and the necessity to pay for energy imports. Eventually, however, the revolutionary transformations that have benefited the common people in some countries in the last two centuries should spread to all humanity.